Are you considering real estate in Dubai as an investment option? Or are you interested in a long-term residence in a district with sound infrastructure, world-class amenities, and access to key city locations? In this case, you should pay attention to Dubai Marina.
An Emirates.Estate source spoke about the main features and benefits of this area, as well as its attractiveness for investors. The current property prices in Dubai Marina for housing options you are interested in can be found in the catalogue on the website.
Key features of the district
Dubai Marina is the most densely populated area in New Dubai’s heart. This ambitious project, with a total length of 3 km, is surrounded by residential skyscrapers, hotels, a shopping mall, a cinema, restaurants, and cafes. There are numerous cafes and restaurants along the promenade where you can enjoy breathtaking views of the skyscrapers.
The marina is surrounded by 200 buildings, around 90 of which are housing complexes, including Princess Tower, the highest residential building in the world. Add to that the 40 towers of Jumeirah Beach Residence, with a capacity of 15,000 people, and it becomes easy to see why Dubai Marina is the most densely populated area in the city and such a lively community.
Marina has its own shopping mall with over 130 stores, a supermarket, and a six-screen cinema. There are several hotels and clubs that people call nightlife. During the day, you can rent a boat, go sightseeing, or take one of the regular ferries to Deira, Dubai’s historic old city.
This area is very popular among single people and young families.
What makes Dubai Marina different from other areas in Dubai?
The district has quickly become one of Dubai’s most sought-after freehold communities. Dubai Marina is famous for its lavish lifestyle, entertainment venues, shopping malls, and skyscrapers. It offers some of the most magnificent views to its residents. Dubai Marina is quite well-known among tourists and locals. Many premium residential towers here have beautiful coast views, either towards the Persian Gulf or the marina. You can choose between different apartment types starting with studios and finishing with four-bedroom apartments. A limited number of penthouses, lofts, and villas are available for people who need more living space.
Dubai Marina is, without a doubt, the best neighbourhood in the city regarding restaurants and entertainment options close to your property. The area’s numerous cafés and diners provide a wide variety for the ever-popular Friday brunch when you can enjoy the benefits of a four-hour food and drink festival for not much money.
For sports enthusiasts, Dubai Marina has various gyms, health clubs, and spas, while public swimming pools and recreation areas provide outdoor spaces to relax and exercise.
There are several unique and iconic places in the area. The Walk is one of them. It’s a busy boulevard between the nearby Jumeirah Beach Residence and the beach. At the same time, it’s one of the best places to walk or just sit and observe the world around you.
Currently, there are 925 retail locations open in the district, including:
- 299 restaurants;
- 89 fashion stores;
- 26 coffee houses;
- 44 men’s salons;
- 68 beauty parlours;
- 26 gyms;
- 51 supermarkets and others.
Pros of acquiring buy-to-live real estate in Dubai Marina
If we look at this area as a potential place for living, it has many undeniable advantages. These are:
- Great view of the promenade from most of the buildings;
- Residential apartments boast modern and luxurious amenities;
- Social events throughout the year;
- There is a shopping mall, a promenade, and numerous popular restaurants;
- There is access to the sea and a stunning, maintained public Marina Beach.
Advantages of investing in Dubai Marina
The advantages of investing in real estate in Dubai Marina include the following:
- Convenient area’s location, close to Downtown Dubai;
- Variety of ready-made and off-plan facilities;
- High return on investment;
- Stable demand for rental properties.
In Dubai Marina, there are a number of projects where foreigners can purchase real estate. If you are looking to buy flats in Dubai Marina, studio apartment prices start at 385,000 AED ($), while one-bedroom apartments cost between 480,000 AED ($) and 2,500,000 AED ($). Two-bedroom apartments often cost 1,600,000 AED ($), while three-bedroom options are usually put up for sale for 2,600,000 AED ($).
Four-bedroom apartments vary from 1,600,000 AED ($) to 25,000,000 AED ($). Furnished and serviced residences are typically more expensive housing options. The average price of a five-bedroom penthouse in Dubai Marina is 7,100,000 million AED ($).
The price of a three-bedroom villa in Dubai Marina can range from 2,200,000 AED ($) to 9,900,000 AED ($). Larger four-bedroom villas are available for a price between 4,800,000 AED ($) and 15,000,000 AED ($). 7,900,000 AED ($) is the average selling price for big five-bedroom villas. Interested investors can find most of the five-bedroom villas by Trident International Holding FZE in Trident Bayside.
Studios and one-bedroom apartments bring the highest returns on investment (ROI), with averages of 6.4% and 6.2%, respectively. Apartments with two bedrooms come next, with a ROI of 5.7%. Big three-bedroom apartments generate 5.3% annual income, while four-bedroom apartments have an annual return of about 4%. Five-bedroom apartments bring an average of 4.5% a year.
